TVS Supply Chain Solutions Ltd. (TVSSCS) AI Stock Analysis

• Market Cap: ₹44.58B
• Dividend Yield: N/A
• Average Volume (3M): 43.38K
• Price to Earnings (P/E): 116.4
• Beta (1Y): 1.19
• Revenue Growth: 5.13%
• EPS Growth: 90.30%
• Country: IN
• Employees: 17,055
• Sector: Services
• Sector Strength: N/A
• Industry: Integrated Freight & Logistics
• EPS (TTM): 0.24
• Shares Outstanding: 441,180,020
• 10 Day Avg. Volume: 54,404
• 30 Day Avg. Volume: 43,375
• PEG Ratio: 4.69
• Price to Book (P/B): 3.08
• Price to Sales (P/S): 0.55
• P/FCF Ratio: 11.16
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 3.4
• Revenue Forecast (FY): ₹106.22B

• Rating: 47 Neutral
• Price Target: ₹100.00 ▼(-10.43% Downside)
• Action: Reiterated Date: 11/21/25
• Date: Action: Reiterated 11/21/25

The overall stock score of 47 reflects significant challenges. Financial performance is mixed with positive cash flow trends but ongoing profitability and leverage issues. Technical analysis indicates bearish momentum, and valuation metrics suggest overvaluation. These factors collectively contribute to a cautious outlook.

Positive Factors

Strong cash generation

Robust free cash flow and a positive operating cash flow to net income ratio indicate durable cash conversion. That strengthens liquidity, funds working capital and capex, and reduces near-term dependence on external financing—supporting operations and strategic investments over months.

Improving revenue & gross margin

Sustained revenue growth with a rising gross margin signals improving demand and operational efficiency. Over the medium term this supports scalable operating leverage, better cost absorption in warehouses/transport, and a clearer path to recovering profitability if trends continue.

Diversified end-to-end logistics model

A broad service mix (transportation, warehousing, fulfillment, supply-chain management) creates multiple revenue streams and cross-sell opportunities. This diversification reduces client concentration risk and enhances resilience to demand shifts across sectors over a multi-month horizon.

Negative Factors

Persistent net losses

Ongoing net losses and negative return on equity erode shareholder value and limit retained earnings. Over time this constrains reinvestment, may force equity or debt raises, and weakens ability to fund growth initiatives without diluting owners or increasing leverage.

High leverage

A debt-to-equity ratio near 1.16 signals material leverage that increases interest expense and refinancing risk. Structurally, high leverage limits flexibility for capex or contract bidding, and raises vulnerability to demand shocks or rising rates across the medium term.

Low and declining operating margins

Thin and shrinking EBIT margins point to persistent cost pressure or limited pricing power in competitive logistics. Over months this compresses cash available for reinvestment, makes profitability recovery harder, and increases dependence on volume growth rather than margin expansion to improve results.

TVS Supply Chain Solutions Ltd. Business Overview & Revenue Model

Company Description

TVS Supply Chain Solutions Limited provides integrated supply chain solutions in India. The company's integrated end-to-end supply chain solutions include sourcing and procurement, logistics operation, in-plant logistics, finished goods warehousing, and aftermarket or service parts warehousing solutions; integrated transportation solutions, such as delivery, and customers' documentation and compliance, as well as sea, air, road, and multi-modal transportation solutions; and consultancy and professional services. Its network solutions comprise global forwarding solutions, such as air freight, ocean freight, land freight, and project forwarding solutions; and time critical final mile solutions, including closed loop logistics and support solutions comprising forwarding stock locations, pick-up and drop-off, in-boot delivery, and engineering support solutions, as well as courier and consignment management solutions. The company also engages in the purchase and sale of automotive supply parts and other technical components; repair of computers and peripheral units, and electrical equipment; trading of tires and accessories; leasing of packing assets; real estate management and leasing, and postal activities; and provision of contract packaging and reverse logistics services to the corporates, consultation services for business and management matters, sequencing and sub-assembly services, consolidator services agency services, and IT services, as well as outsourced inventory management and logistics services to the automotive, utilities and smart metering, beverage, rail, industrial, and defense sectors.TVS Supply Chain Solutions Limited was formerly known as TVS Logistics Services Limited and changed its name to TVS Supply Chain Solutions Limited in November 2019. The company was incorporated in 2004 and is headquartered in Chennai, India.

How the Company Makes Money

TVSSCS primarily makes money by charging customers for outsourced logistics and supply chain services delivered under contractual arrangements. Key revenue streams typically include: (1) Transportation and distribution services—fees earned for moving goods through line-haul, last-mile, and other distribution activities (often priced per trip, per kilometer/mile, per shipment, per pallet, or under rate cards/SLAs). (2) Warehousing and fulfillment—income from operating warehouses and distribution centers, commonly priced based on storage (e.g., per pallet/bin/sq. ft.), handling (inbound/outbound), labor, and throughput/transaction volumes, plus fulfillment charges for pick-pack-ship operations. (3) Value-added and supply chain management services—charges for activities such as inventory management, kitting/packaging, reverse logistics, and end-to-end managed services where TVSSCS is paid management fees and/or performance-linked fees tied to service levels and efficiency improvements. (4) Project/solutions and consulting-type work—where applicable, fees for designing supply chain solutions, implementing process improvements, and deploying operational changes for customers. Profitability is influenced by contract mix (long-term managed service contracts versus spot/short-term volumes), utilization of warehouses and transport capacity, operating efficiency (labor productivity, route optimization), and pass-through costs such as fuel, line-haul procurement, and third-party carrier/warehouse costs where TVSSCS operates in an asset-light or hybrid model. Specific material partnerships or named customers: null.

TVS Supply Chain Solutions Ltd. Financial Statement Overview

Summary

TVS Supply Chain Solutions Ltd. shows a mixed financial profile. Revenue growth and cash flow improvements are positive, but persistent losses and high leverage remain concerns. The company needs to address profitability and leverage to enhance financial health.

Income Statement

TVS Supply Chain Solutions Ltd. shows mixed performance in its income statement. The revenue growth rate from 2024 to 2025 is approximately 8.65%, indicating a positive trend. However, the company has struggled with profitability, as evidenced by a persistent negative net income over the years. Gross profit margin improved slightly from 8.31% in 2024 to 10.77% in 2025, but the net profit margin remains negative. The EBIT margin decreased from 2.02% in 2024 to 1.43% in 2025, showing challenges in operational efficiency.

Balance Sheet

The balance sheet shows a moderate financial position. The debt-to-equity ratio remains high, indicating leverage concerns, with a ratio of approximately 1.16 in 2025. However, the equity ratio improved to 31.29% from 2024's 31.12%, showing a slight increase in equity stability. Return on equity remains negative due to negative net income, highlighting challenges in generating shareholder value.

Cash Flow

The cash flow statement reflects strong cash management. The operating cash flow to net income ratio is positive, indicating efficient cash conversion. Free cash flow grew significantly from 2024 to 2025, a positive sign for liquidity. The free cash flow to net income ratio is robust, suggesting good cash generation capabilities despite profitability issues.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	101.98B	99.96B	91.99B	99.73B	92.48B	69.29B
Gross Profit	11.99B	8.95B	7.64B	7.76B	53.10B	34.42B
EBITDA	5.38B	7.30B	7.00B	7.18B	6.11B	4.79B
Net Income	566.00M	-135.90M	-1.01B	398.10M	-491.02M	-743.41M
Balance Sheet
Total Assets	62.93B	57.58B	58.29B	62.11B	57.90B	49.90B
Cash, Cash Equivalents and Short-Term Investments	7.62B	6.21B	5.97B	11.74B	10.06B	5.82B
Total Debt	22.21B	20.88B	21.99B	33.24B	29.54B	27.34B
Total Liabilities	43.16B	39.22B	39.85B	54.51B	50.36B	44.59B
Stockholders Equity	19.50B	18.02B	18.15B	7.24B	7.14B	4.91B
Cash Flow
Free Cash Flow	2.51B	4.97B	40.30M	5.88B	5.05B	5.96B
Operating Cash Flow	3.42B	6.72B	1.28B	7.34B	6.21B	7.12B
Investing Cash Flow	-1.21B	-1.47B	-1.22B	-2.33B	-3.81B	633.77M
Financing Cash Flow	-1.55B	-4.95B	-5.92B	-4.19B	2.17B	-11.67B

TVS Supply Chain Solutions Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 111.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TVSSCS, the sentiment is Negative. The current price of 111.65 is below the 20-day moving average (MA) of 112.52, above the 50-day MA of 108.80, and below the 200-day MA of 121.33, indicating a bearish trend. The MACD of -2.43 indicates Positive momentum. The RSI at 35.41 is Neutral, neither overbought nor oversold. The STOCH value of 9.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TVSSCS.

TVS Supply Chain Solutions Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VRLLOG	73 Outperform	₹43.97B	18.11	―	2.79%	4.74%	176.63%
TCI	70 Outperform	₹73.00B	18.01	―	0.94%	9.97%	16.28%
TCIEXP	63 Neutral	₹18.49B	25.07	―	1.37%	-2.79%	-26.28%
ALLCARGO	57 Neutral	₹11.77B	―	―	19.52%	-15.70%	-343.97%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
TVSSCS	47 Neutral	₹44.58B	116.38	―	―	5.13%	90.30%
SPICEJET	38 Underperform	₹20.36B	-4.18	―	―	-26.46%	46.14%

TVS Supply Chain Solutions Ltd. Corporate Events

TVS Supply Chain Solutions Subsidiary to Acquire Swamy & Sons 3PL to Bolster FMCG Logistics Leadership

TVS Supply Chain Solutions Limited has announced that its wholly owned subsidiary, FIT 3PL Warehousing Private Limited, has executed definitive agreements to acquire 100% of the equity share capital of Swamy & Sons 3PL Private Limited through a mix of primary and secondary share purchases. The company has released an investor presentation detailing this strategic acquisition, which is aimed at strengthening its leadership in the FMCG supply chain segment in India and is expected to enhance its operational capabilities and competitive positioning in the domestic logistics market.